First Independent Mena Newspaper
British company Genel Energy announced a petroleum agreement and association contract sealed with the Office National des Hydrocarbures et des Mines (ONHYM) for offshore exploration in Lagzira block in Morocco. The deal sets out an eight-year exploration term consisting of three phases. The Lagzira block (formerly Sidi Moussa) is a large offshore license that hosts […]
A French court has dismissed a landmark lawsuit against controversial TotalEnergies projects in east Africa, which was filed by six French and Ugandan activist groups in 2018, using a 2017 law on multinationals operating outside France. This was the first time that NGOs tried to halt an oil project through a Paris courthouse. As Uganda […]
Africa needs to accelerate the financing for energy access in the continent with clear targets and steps for ensuring the achievement of universal energy access by 2030 — this appeal was made during a recent presidential roundtable on the side-lines of the 36th Ordinary Session of the Assembly of the African Union (AU). The event […]
Africa needs to accelerate the financing for energy access in the continent with clear targets and steps for ensuring the achievement of universal energy access by 2030 — this appeal was made during a recent presidential roundtable on the side-lines of the 36th AU Summit. The event which was organized by the AU Commission (AUC) […]
When Algeria unilaterally cut gas supplies through the Maghreb-Europe gas pipeline in late 2021, it was expecting Morocco to succumb to darkness and electricity cuts. But none of that happened. Instead, a new energy partnership was forged with Spain giving the halted pipeline a new life. Spain received annually 2 million euros from Morocco for […]
Independent Perenco has announced the investment of $1 billion for construction of a Liquefied Natural Gas unit in Gabon. The company-based in London said it presented the plan for the unit to the Minister of Oil and Gas, and the subsequent technical approval by the Gabonese authorities in December 2022. The unit will be located […]
Africa’s gas share in the global market will increase from 6% of all gas supplies in 2021 to over 11% by 2050, according to a report by Gas Exporting Countries Forum (GECF). Gas production in the continent is forecast to increase from 260bn cubic meters in 2021, to 585bn cubic meters in 2050, on the […]
The President of Senegal Macky Sall inaugurated Saturday a power plant with a 120 Mega Watt output expected to provide energy to 500,000 households in and around the city of Thies, located West of the African country. The plant build in the town of Malicounda is a public and private partnership. The shareholders include state-run […]
Nigeria could become biggest oil refiner in the region by 2025, Hawilti, a pan-African investment research firm, has predicted, a prediction that comes as a surprise in light of the west African nation’s longstanding struggle with shortage of petroleum products for its population, Africa’s largest. According to Hawilti’s recent report titled “Refineries watch Q4 2022”, […]
Exploration for nickel and chrome will begin ‘in the next few days’ in DR Congo’s southern, diamond-rich Kasai region, Congo’s president has said, adding that his country wants to position itself as a key source of the two strategically important metals in the green energy transition. Democratic Republic of Congo (DRC) wants to position itself […]